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20121201
20121231
Search Results 0 to 4 of about 5 (some duplicates have been removed)
. oil we nerve drever dreamed we access. we need to break the back of on pe opec. we need to provide it for energy security. many nations we buy oil from are anna l anathetical to the american way of democracy. we are fighting our enemies and it could end in the foreseeable future. but there is a second component that should have you steamed it had me steamed almost as much as my outrage at the fiscal cliff discussion in washington. i had to use the term fiscal cliff. hadn't used it yet in this piece. i'm talking about the skaunterred opportunity in natural gas. he was quite bullish in the price of oil. chinese keep it up. we have an umbrella that makes it worth our while to get hard to get oil. as plentiful as oil is, there is a gigantic glut for natural gas, and the opposite of oil, all papas talked. more nat gas than we know what to do with. we have no place to put it and not enough places to use it. and natural gas isn't fungible. it costs fortunes to transport overseas and barely economical when transported overseas. the best use is in this country. and we need to harness natura
.s. to be north american oil independent. and fundamentally what that means is we won't be relying on opec oil imports by 2020. we're going to rely on canadian imports plus burgeoning u.s. production. that is a major major change in the united states energy picture. >> now mark, one of the things that i've learned from you is that the numbers that we often see are radically understated. the government will put out numbers. it seems like every time they put out numbers they're well behind. what is the disconnect between the numbers that we see officially and what's really going on in the oil patch? and why don't people realize how quickly this change is occurring? >> yes. the dynamic of the change is one that's easy to underestimate. in fact, eog has really underestimated the dynamic of the change. we've raised our production growth forecast for oil three times this year. and that's not because we've been coy with wall street. it's really because we've underappreciated the power of some of these plays. you mentioned earlier for example this eagle ford play, we think that just eog's net of oil d
is happening with today but of course what oil traders are looking for in the week ahead. we have opec meeting on wednesday, which could certainly add to the price volatility and price reaction there as well as whatever happens with the fed. back to you. >> thank you very much, sharon epperson. the big jobs report shows 146,000 jobs were created last month so we asked did you nail the number? all this week we asked you to tweet us your predictions for the november nonfarm payrolls figure. right now the "squawk on the street" team is going through the entries. the locucky winner will receiven oof autographed picture frame. good luck. >> i did not guess well. i thought sandy would have more of an effect. >> where would numbers be without sandy? would we have done 200? >> more economic data on wall street's radar this morning and minutes away from break news on consumer sentiment at 9:55. don't go away. ♪ >> announcer: coming up, cramer is kicking it into high gear. his six stocks in 60 seconds will energize all of us. get your jim jolt when "squawk on the street" returns. try running four.ning
with the opec meeting. in addition to the fed that comes out tomorrow. the expectation is, that opec will leave their current quota unchanged, around 30 million barrels per day. the actual production, around 31 million barrels a day. there may not be any change to that. the key will be what happens in terms of the election of a new secretary-general and saudi arabia in the running for that as well. back to you. >> thanks very much, sharon epperson. i did want to look at shares of largest for-profit hospital in the country. a secondary offering this morning. hga finds itself in the of so many movements of the capital structure, reflective of the 250i78s. don't forget, they borrow at incredibly low rates not long ago, $1 billion, to pay a special dividend. you want to pay a special dividend prior to any tax increase on dividends as well. capital gains figuring into that debate, let's call it at this point that we've been detailing down in d.c. with our "mission critical" coverage. this morning, two of the owners of hca, it was a huge leverage back in '05, and '06, almost four times their money at
Search Results 0 to 4 of about 5 (some duplicates have been removed)